NCDEX soybean rising towards MSP; oilmeal export sops may be doubled
Ram Gopal Yadav (7 years ago)

Futures contracts of soybean on the National Commodity & Derivatives Exchange are rising towards the minimum support price following reports that the government may double the incentive on export of oilmeals. The government is likely to double the incentive on export of oilmeals to 10% to support domestic oilseed prices.

Malaysia CPO closes lower on firm ringgit vs dollar
Ram Gopal Yadav (7 years ago)

Futures contracts of crude palm oil ended over 1% lower on the Bursa Malaysia Derivatives on the back of a strong ringgit against the dollar. Firmness in the Malaysian currency makes palm oil more expensive for buyers holding other currencies. The most-active February contract of crude palm oil on the Malaysian bourse ended at 2,608 ringgits (41,064.22 rupees) per metric tonne, down 1.4% from the previous close.

Ukraine Soybean average yield 16% lower than last year
Ram Gopal Yadav (7 years ago)

Oilseed harvesting is almost complete in Ukraine. As of November 21, sunseed was gathered from 5890.4 Th ha or 99% of its intended area (5955.8 Th ha). Farmers obtained 11822 KMT of sunseed with average yield 2.01 MT/ha which is 11.5% lower than last year. Farmers gathered 3641.1 KMT of soybeans from 1899 Th ha out of intended 1990.1 Th ha. The average yield was 1.92 MT/ha, as of November 21 (-16% compared to last year). Winter rapeseed had been sown at 861.6 Th ha that is 12% more than planned (769.2 Th ha). Last year winter rapeseed area was 844 th ha.